This update was confirmed by Pacquiao's adviser, Michael Koncz on ESPN.com and Boxing Scene.

The fight, which is Pacquiao's first fight since losing to great rival Juan Manuel Marquez via a stunning sixth round knockout in Last Vegas last December, will be held at the Venetian Hotel in Macau on November 24 (November 23 in the United States). The bout will also be at the welterweight limit of 147-pounds.

Pacman’s opponent, Rios, lost for the first time in his professional career when Mike Alvarado outpointed him after a gruelling 12-round war last March in Las Vegas.

Last month, it was speculated that Pacquiao’s comeback this year will be a between him Bradley, Alvarado or Rios. But since a WBO title fight between Marquez and Bradley seems to be taking shape, the Filipino boxer would have to settle for either Alvarado or Rios.

Rios became a potential Pacquiao opponent following his impressive stoppage of Alvarado last October. Koncz believes, however, that both Rios and Alvarado “will jump at the chance to fight Manny.”